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this week, but we did get numbers mixed and consumer confidence is good and unemployment and yet, jack welch, the former ceo of general electric as you just mentioned on squawk out on twitter today. he's been obviously critical of the white house for years now, but he says unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. that's the former head of a very large company. >> i'm on tv, and i remember jack sent me a fax when i was first on with mark haynes. i like you. i love jack. i'm trying to reconcile jack with the numbers because i trust jack and think he's terrific. i come back and say listen, they've been wrong -- he's jack. i don't think that they're phony. it doesn't make me feel that jack is off the reservation so much that i think that this particular issue -- i disagree with him. i read the tweet and i was, darn, jack, come on, man. >> let's say good is good. >> does this mark the turning point and we had david come out this morning where he was establishing 1575 and that's quite an upside for 2013 particularly if he's standing by a year-
honest tonight on the program. the tweet that launched a conspiracy, jack welch tweeted this morning about today's jobs nurl, quote, unbelievable jobs numbers. the chicago guys will do anything. it is a huge claim that of course set the political financial world abuzz. we're going the talk to jack welch live about it when he joins me at the top of the hour. also, tonight, how one woman's alleged lie working in a crime lab in massachusetts is calling into question, get this. 34,000 criminal cases. 34,000. people already being released from jail because of this woman's suspected fraud. it is an unbelievable story. all that and a lot more you need to know about the meningitis outbreak, two different scares. >> sounds like a great show. i hope everybody stays tuned. our fifth story "outfront", gunk. american airlines now says messy passengers are to blame for seats that came loose an at least three recent flights. the airline claims spilled soda and coffee gunked up a seat locking mechanism over time. the incidents forced the airline to take 48 boeing 757 jets out of commission for repai
is the former g.e. ceo jack welch. unbelievable job numbers. they can't debate so they change the numbers. he appeared earlier today on "your world." >> these numbers don't smell right when you think about where the economy is right now. every economist predicted roughly 90,000 to 120,000. this economy doesn't feel like the employment improved this level. it is just -- maybe it's a coincidence that the month before the election, we have a number that comes out 1/10th below when the president took office. >> sean: jack welch is not the only one tawing of this timely development. listen to what business insider said on fox business new york this morning. >> i feel like i am watching a movie, a suspense movie. because there is no way in the world these numbers are accurate. and somebody needs to dig real deep into this. how in the world, miraculously, we have the best flz 30 years, right before the election? somebody needs to do an investigation, like they are doing an investigation in libbia. they need to investigate the numbers because there is no way in the world these numbers are accurate? >
from jack welch who used to run general election. a man who most people would argue knows a bit about how economic data is created. >> i wouldn't put anything past this administration. >> right before a big earnings release. it's all of a sudden hp would have solid 50 times or 100 times more computers or printers literally the day before would you have questioned that a bit. >> oh how convenient that the rate drops for the first time in 43 months, five weeks before the election. >> some people will be very cynical that a government number would come out this great on the eve of the election. >> well, i think it's pretty significant for the first time in nearly four years of this administration that we've gotten down to below 8%. >> large sections of the country don't believe data, not that it's considered gospel. >> cenk: that's an ms nbc at the end. they've never questioned numbers, and now they're saying it's rock solid. now it's not in their favor? me? i don't know about those numbers. that's the reality. that's unemployment numbers you see it going up. as it was going up, they nev
cooked. jack welch the former ceo of general electric tweeted this. unbelievable jobs numbers. these chicago guys will do anything. can't debate, change numbers. he later came on "anderson 360" and said if he had that tweet to do over, again, he would have added one thing. >> so many politicians are saying these days, michele bachmann will say something that is factually not correct. not provable and say, look, i'm just asking the question. is it responsible to say i'm just asking the question, but these guys aren't doing anything, i'm just asking a question. >> i should have put a question mark at the end of that. >> so, you are kind of backing away from the chicago guys part? >> i'm not back away from anything. >> do you wish you could amend your tweet? >> the same implications. >> to say something like this is like donald trump saying president obama is not an american citizen without any proof. you are jack welch. you have to take this opportunity while everybody is listening to you to say, yes, anders anderson, i'm taking that tweet back. i'm sending a new tweet to say i
during this recovery. >> you know, jack welch, the former ceo of g.e., he tweeted this. because he didn't believe these numbers. he tweeted, unbelievable jobs numbers. these chicago guys will do anything. can't debate, so change numbers. now, there are others who are suggesting there was political influence over the bureau of labor statistics that are driving these numbers trying to make the president look good only a few weeks before the election. you're familiar with the economists, the statisticians who work there. what do you say to these folks? >> totally, totally insane. look, i'm friends with jack welch and i tweeted him back. i said jack, look, i love you, but on this one you've flat out lost your mind. there's an iron clad fire wall with criminal penalties for anybody at the bls to have any kind of political interference or to release any of the numbers early. it's totally impossible to do that. you've seen all the reputable republicans that have worked with the bureau of labor statistics in the past. come on, say, look, come on, you've got to be kidding on this thing. i kind o
! >>> former ceo jack welch was the first to say there was a conspiracy with the jobs report. he claimed the chicago guys fiddled with the numbers but that didn't stop him from doubling down. >> i know these numbers are gathered by a series of wild assumptions. maybe they weren't right at 8.5, at 8.4. but it seems coincidental that one month before the election they would end up at 7.8. i don't want to take back one word of that tweet. >> remind you of anything? we'll discuss the first cousin of the birther movement, the jobbers. and a look at america's trust issues next on "now." [ female announcer ] most whitening strips promise full whitening results in two weeks or more. rembrandt® deeply white™ 2 hour whitening kit is proven to quickly remove surface stains and deep stains in just two hours. [ female announcer ] rembrandt® deeply white™: whiten in just 2 hours. >>> shortly after the bureau of labor statistics released the monthly jobs report friday showing the unemployment rate dropping to 7.8% former ge ceo got the jobber conspiracy theory going with a tweet suggesting chicag
're trying to. >> cenk: oops. more on that when we come back. and later in the program, jack welch, what a clown. now they've got a new conspiracy theory. >> do you want to take that back? >> no, i don't want to take back one word in that tweet. vice presidential debate. with unrivaled analysis and commentary. >> was this the game changer? is this going to change the dynamic? (vo) the only network with real-time reaction straight from the campaigns and from viewers like you. >> so keep on tweeting and maybe you'll have your voice be part of this democracy and see your tweets up on our screen. >>now that's politically direct. ♪ ♪ ♪ ♪ nah, he's probably got... [ dennis' voice ] allstate. they can bundle all your policies together. lot of paperwork. actually... [ dennis' voice ] an allstate agent can help do the switching and paperwork for you. well, it probably costs a lot. [ dennis' voice ] allstate can save you up to 30% more when you bundle. well, his dog's stupid. [ dennis' voice ] poodles are one of the world's smartest breeds. ♪ ♪ bundle and save with an alls
a number that comes out 1/10th below when the president took office. >> sean: jack welch is not the only one tawing of this timely development. listen to what business insider said on fox business new york this morning. >> i feel like i am watching a movie, a suspense movie. because there is no way in the world these numbers are accurate. and somebody needs to dig real deep into this. how in the world, miraculously, we have the best flz 30 years, right before the election? somebody needs to do an investigation, like they are doing an investigation in libbia. they need to investigate the numbers because there is no way in the world these numbers are accurate? >> the same administration not telling the truth about benghazi and libya and the death of four americans. there are very important questions that need to be asked of the obama administration. when you look at the hardidate athere is no way to explain how the rate decreased from 8.1% to 7.8%. as the former director of the nonpartisan cbo put it, it is simply implausible. a few things to keep in mind. the real unemployment rate remain
. not everyone convinced, though. yesterday jack welch, the former chairman and ceo of ge, tweeted unbelievable job numbers. these chicago guys will do anything. can't debate, so change numbers. he's obviously very influential man. when he tweets, people listen. is there any way that these kinds of numbers can be manipulated? >> he tweets, people listen, they retweet, they write about it and we certainly talked about it a lon on cnbc. the fact of the matter is the bureau of labor statistics has been calculating this number since 1948. it's a scientific survey. they poll 140,000 businesses. you definitely have a giant sample here. what some people are saying is a possibility is that the type of businesses sampled were ones that were skewed towards jobs added. those place where is they might have add more part-time workers. we also saw a giant jump in the number of people employed from the age group of 20 to 24. the biggest jump since 1964. some of these businesses that employed more young people being pulled? it's unlikely. it's really an issue of how much data you can actually get together in 3
getting jobs. now here is the grand daddy of all job truthers. former general electric ceo jack welch had fun this morning. he tweeted this. he couldn't believe it. unbelievable job numbers. these chicago guys will do anything. can't debate so they change the numbers. welch went on fox news and claimed he wasn't making accusations about the administration. he's just raising the question. >> it's just ironic that these assumptions all came this way the month before the election. you draw your own conclusions. >> welch received a different reception when he tried to peddle his theory to my colleague chris matthews on this network. >> i have no evidence to prove that. i just raised the question. >> no you didn't. you said these chicago guys will do anything. >> yeah. >> so they changed the numbers. do you want to take this back? >> no i don't want to take it back. >> there is a serious assertion there was corruption here, infiltration or getting to -- it's not funny, jack. you're talking about the president of the united states playing with the bureau of statistics numbers. this is nixon stu
an unacceptable situation. i think the president will concede that. >> jack welch has said today unbelievable job numbers, he tweeted. the chicago guys will do anything, can't debate so they change the numbers. is there any merit to the argument that these numbers aren't quite what they seem? >> i would be very cautious about saying that, piers, unless i had some kind of substantialation to it and of course, we don't want to sound like sour grapes over what is good news for america. somebody would have to show me the facts and then i would be glad to make the argument. >> do you think that either of these things, in the last 24 hours, barack obama's very lackluster, surprisingly poor debate performance, or these job numbers today, do either of them constitute in any form a kind of game change moment? >> i think the debate certainly does. americans watched those debates that may not watch the next two, that saw a mitt romney that was a direct contradiction to the hundreds of millions of dollars worth of attack ads, especially in swing states, that the obama campaign has spent painting mitt romney
? the politicians have been duking it out. >> the most positive part of the jobs report was the tweet by jack welch this morning. he is claiming that the chicago gang had basically -- cooked the books with the job numbers. i don't think that's the case. but i thought it was surprising that jack welch. think before you tweet. >> greta: yes, indeet deed. he is getting a lot of heat for that. >> i think it's a mixed message. the unemployment number is driven by the household survey, which is very volatile. september typically scr is the most volatile month. what i look at is the establishment survey, which is important because that is done with actual business scpoarns they are surveyed on a regular basis in terms of jobs they are creating. and the 114,000 jobs that were created this last month is very anemic, barely enough to keep up with population growth. so you couple the anemic job growth and the reset from gdp and revisited it to 1.2% growth last quarter. the fed is printing mon weqe3 and europe is imploding right now. we are looking at at an environment with a total void of leader help in washi
on twitter from former head of ge, jack welch. >> welch is one of america's most rebe inspected former ceo's. so when he tweets, people tend to listen. within minutes of the jobs report he tweeted quote, unbelievable jobs numbers. this chicago guys will do anything, can't debate so change numbers and facing a torrent of criticism for that. welch stopped by his tweet and those numbers. >> this whole number is made up of a whole mess of an assumptions who is participating and who is not working and who is trying to work, but dropped out. all of these things, it just raises the question, oh, i think there ought to be a good discussion about how this number is calculated. >> and most analysts aren't dismissing his crimsism as utterly without evidence and at the same time pointing out that the jobs numbers reflect an obama policy that has the economy stuck in neutral. >> they had full charge of the first two years and the policies that this president put into place actually made it worse, including the fact that obamacare is actually, you ask small employers, it's causing them not to hire becau
nonsense about him being from europe and foreign and newt saying terrible things not to mention jack welch trying to undermine the latest unemployment numbers. he has dogs out there, romney, dogs that do the barking for him, and the priz doesn't even have nice guys and women out there making noise for him. your thoughts? >> first of all, i mean, i think it's pretty clear from the convention and from the debate last week, mitt romney is a shameless lying chameleon. he will say anything, he will do anything. the same is true with his running mate, paul ryan. unfortunately, we'll probably hear more of that this week. we do have a great surrogate team and they're on the ground in their respective cities or states. they move around. i certainly move around. you talk about deval patrick, i'm in chicago, rahm emanuel, stephanie rawlins blake in baltimore, kasim reed, the list goes on and on. we have the best candidate in president obama and vice president biden. we have the greatest surrogate team, and they're on the ground in those places where there are real people with real issues and real pro
there that are blasting jack welch should be doing their job and investigating the number rather than investigating what josh welch -- jack well were has to say. >>neil: in other words investigate how he came up with that snub? >>guest: this is like like the greatest expansion in history. the none came out of left field. someone has to explain. no one is explaining the number but to say, well, this is what we came up with. >>neil: sort of like the hotel scales that show me five pounds less than i know i am. i will buy that. i will stick with that. gary, always a pleasure. thank you very much. >>guest: my pleasure, thank you. >>neil: by the way, talk about a jump on the competition. this young lady was back flipping her way into the record books. it is true. but we have something we think you are going to flip over more. our coverage is thursday at the vice presidential debate live from kentucky, all kicking off at 4:00 p.m. eastern on fox and then we are back at it at 8:00, four hours nonstop coverage. where we end up, no one knows but it is exciting because you never know would will drop by as we gauge
electric ceo and mitt romney supporter jack welch went as far as suggesting the obama administration manipulated the report. he tweeted unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. >> reporter: the white house calls welch's insinuation, quote, utter nonsense and most republicans are steering clear of the former ceo's comments including mitt romney. the republican nominee says many of the new jobs are only part time. and that's not what a real recovery looks like. >> even those that have jobs are having tough times. the middle class is being squeezed with higher and higher costs and with incomes that have gone down. >> reporter: the report was good news on wall street but investors remain wary. >> it's all everyone saying here we go everything is turning the corner. it's not! >> reporter: but history says the latest jobs report could play a part in the election. no president has been re- elected with unemployment above 8% since the great depression. tara mergener for cbs news, the white house. >>> one of the hottest fashion brands in
, rush limbaugh and other conservatives said the white house had cooked the books. even jack welch, the former ceo of ge, went on twitter to accuse the president of changing the numbers. >> i tell you, these numbers don't smell right when you think about where the economy is right now. >> reporter: the labor department called the allegations ludicrous. we went directly to the place where it's all done. this vast government building, a couple of miles from the white house, houses the labor department's bureau of labor statistics. the bls has been tabulating the monthly unemployment rate for more than 70 years. it's all based on a survey conducted in person and over the phone of 60,000 households every month. and here is where the numbers get crunched. amid a sea of high-walled cubicles, inside of each one, an economist sworn to secrecy and working on a specific aspect of that employment survey. tom nardone is in charge here. he's worked at bls since before ronald reagan was president. he introduced us to the economist who actually wrote this morning's unemployment rate announcement.
for jack welch to apologize to those workers -- >> and to the administration. >> >> jennifer: and everybody else. all right. political junkies, up next mitt romney's political compass stopped spinning long enough for him to change course again. the destination, the middle. plus what did swing states think about the debate and what do they think about the jobs reports. and what more could you want on a friday night? >> it's not 100%. ♪ >> jennifer: so today's jobs report may be the positive data point that president obama's reelection campaign needs to hang its hat on, but there is new post debate polling that is not very good news. 20% of registered voters say the debate made them feel more negative towards president obama. 30% say they now have a more positive impression of mitt romney. and a representative for that poll included people who heard or read something about the debate. that same poll has the president leading among likely voters 46 to 44%. but before the debate president obama lead by 6 percentage points, so there is evidence the race is ti
of general electric jack welch tweeted this. "unbelievable job numbers. these chicago guys will do anything, can't debate, so change numbers." the partisan pushing continues this morning. >> on friday we learned that the unemployment rate is now at a its lowest level since i took office. >> friday's jobs report shows that america still desperately needs jobs. yet the president's central and so sole proposal means fewer jobs. >> finally start doing something to acatually help the middle class get ahead. >> we can't afford four more years like the last four. falling incomes, rising prices, 23 million americans struggling for work. >> congress needs to step up and pass my plan to create a veterans job corps to help our returning heroes find work as firefighters, cops. a few weeks ago republicans in the senate voted that plan down. ask them why someone who fights for this country abroad should have to fight for a job when they come home. >> i understand that the president must campaign. but he also has a job to do. while barack obama enjoys being president, he doesn't seem to enjoy the work req
appear to have started with a tweet. shortly after the postive news was revealed, jack welch, former ceo of ge, tweeted: "unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers." betsey stevenson, the former chief economist in the labor department, tweeted back: "anyone who thinks that political folks can manipulate the unemployment data are completely ignorant about how bls works and how data are compiled." according to the labor department, the unemployment rate dropped to 7.8%. the number of people hired for full- time jobs rose by 838,000. part-time workers dropped by 26,000. we'll have more on the date later in the show. protests are expected as german chancellor angela merkel travels to greece this week. tuesday's visit will be the first by merkel since the debt crisis erupted. the prime minister of greece told reporters friday athens will run out of money at the end of november if it doesn't get another bailout. germany has been pushing greece to make severe budget cuts. labor unions are at the ready to protest those cuts that affect their
was reunited with his owner. just ahead the scathing tweet from former g-e ceo jack welch about the obama administration and the latest jobs report. and later in lunchbreak. a healthy twist on fall comfort food. grilled lamb chops and a crisp asparagus salad. [ "don't you worry 'bout a thing" plays ] stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled we give you the money to buy one a model year newer. call... and ask one of our insurance experts about it today. hello?! we believe our customers do their best out there in the world and we do everything we can to be there for them when they need us. [car alarm blaring] call now and also ask about our 24/7 support and service. call... and lock in your rate for 12 months today. liberty mutual insurance. responsibility. what's your policy? a big surprise for wall street. the economy added 114,000 workers last month. th
more jobs. >> some critics question the better than expected hallstatt thread before the election. jack welch wrote, unbelievable jobs numbers. the chicago guys will do anything. can't debate? exchange members. others say that the data is credible and they stand by their work. >> i think the chance there is any intervention or political pressure is really zero. >> there is only one more jobs report could go, four days before voters cast their ballots. >> why did the unemployment rate dropped so much this month? >> if came down from 8.1 to 7.8. part of the reason is the number of people employed it jumped substantially and the number of jobs created back in july and august are much higher than the government had originally estimated. many of those recent job gains in of the health care and transportation sectors. >> you have to expect this could impact a presidential race. >> absolutely. of candidates responded, we expect them to continue to spend those numbers. no president has been reelected with the unemployment rate collected above 8%. coming under that barrier could improve the reel
were participating in the workforce today our unemployment rate would be around 11%. jack welch doesn't believe the latest unemployment rate is of real and he thinks that the chicago way has something to do with that. he suggests that the numbers have been manipulated for political reasons he said unbelievable job numbers these chicago guys will do anything, cannot debate so change job numbers. mitch romney reverses himself on the 47% comments initially sank his remarks were not elegantly stated but in an interview last night he said if the 4747 percent, up during the debate he would have said he was just completely wrong. we are live at the scene. good evening about three dozen or so bikers in france in a family of new towns and are actually here right now at the location where that tragic accident happened earlier today at the corner of ok and wells near the north side downtown and folks here basically said they are here to remember their friends and loved one and a life that was taken all too soon. those who know him say that nail townsend rode his bike to work almost year-round an
not trust that number. :lou: what you do not want to do is pull a jack welch. he decided that this was a conspiracy of the chicago political thugs that run the country. megyn: unbelievable jobs numbers, these chicago guys will do anything. by the way, we have jack welch to explain that later on. :lou: that's exactly what you don't want to do. these numbers over the course of time, you should always be skeptical of those numbers. we should always be skeptical of anything government does. economic reporting is an inexact art and not always in science be one can i just ask your question? :lou: yes. megyn: unemployment is still very high. how are the american people doing? :lou: a sophisticated number, if you will, buried within the labor of statistics is the broadest measure of unemployment that is in the workforce, discouraged workers. that remains where it was last month, 14.9%. it is a sign that we are absolutely stuck where we have been. and that is a sincere shame. that means 23 million people remain in great pain and they are suffering as a result of an economy that is
. you are jack welch. jack, you've got to take this opportunity while everybody is listening to you to actually say, yes, anderson, i'm taking that tweet back. i'm going to send a new tweet to say i was exaggerating. there are problems bls should look into but to throw out an accusation that's like asking the government how often do you beat your wife. >> i should have had a question mark at the back of it, ali, let's face it, but the facts, are ali, no matter how you want to look at this, we had 25 economists polled before this number came out. the average number they expected was about 115,000. not one of them -- >> yes. >> had a number below 1.1. >> labor secretary hilda so li s shot back at the critics telling cnn it was insulting for people to suggest her department was manipulating numbers for the president's benefit. >>> the obama and romney campaigns are ratcheting up the rhetoric in the wake of the jobs report. our political editor paul steinhauser hats candidate's comments. one set of numbers, two sets of eyes. >> yeah, very, very different responses to the friday jobs rep
. doug we talked about a tweet from jack welch. did that ignite the controversy? >>reporter: the recovery surrounding friday's release of the unemployment numbers continues to swirl after jack welch, the respected former c.e.o. of g.e. treated "unbelievable jobs numbers. the chicago guys will do anything. can't debate? change numbers." facing criticism if the tweet he stuck by the criticism of the numbers. >> this number is made up of a whole mess of assumptions: who is participating, who is not working, who is trying for work, who has dropped out. it just begs the question. i think there ought to be a good discussion how this number is calculated. >>reporter: most analysts and the obama campaign are dismanage the criticisms as "without evidence." >> we wonder why institutions in this country are, the perception of institutions are failing, because people go on tv and make sufficient h stuff -- make stuff up. >> they had full charge of the first two years and the policies this president put into place actually made it worse, including the fact that obamacare is tale, if you ask employers,
going on and on and let me just tell you jack welch comes out today and twittering, these are bogus numbers, made up numbers. this is just so political. >> okay. >> and then, more evidence that people don't want to believe reality and by the way, let me just tell you something. >> where-- >> juan-- hold on. >> the economy has been going on and on. and added jobs now for 30 straight months that's a trajectory. >> juan, is there any question in your mind that the department of labor, the national labor relations board partisan and ideological-- >> partisan-- >> no, they're not partisan and nobody who is in the business has ever said these are partisan people. these numbers would be coming out, let me ask you that, if it was so political why did these conspiracy-minded people wait till now, better if they did it several months ago. >> if the unemployment number is so important to jobs, to various campaigns, isn't it smart to have obama donors in as economists in the department of labor statistics? >> and let me tell you, there's no law against giving money. these are not major-- you're
is getting better. think of it. you know who says it's not getting better? jack welch. he'll tell me why in a moment. despite the rally since 2009, investors have yanked hundreds of billions of dollars out of the market. is there a lost generation of investors? can they come back in.
-time or from their homes. some called it an anomaly and former ceo jack welch says these chicago guys will do anything, can't debate so change numbers. >> and who is participating, who's not working and who's tried to work, but dropped out. all of these things. it just raises the question, and i think there ought to be a good discussion how this number is calculated. >> labor secretary hilda so least angrily denied the unemployment figure was fudged calling the allegation offensive and republican challenger mitt romney said of the jobs number, this is not what a real recovery looks like. and romney was also campaigning in virginia, running mate paul ryan said of the number of jobs created said we shouldn't have to settle for this new normal. reprizing one of the convention themes that americans deserve better than mr. obama has delivered. critics seized on another line in mr. obama's virginia speech in which he denied believing in an entitlement society which he doesn't believe people are entitled to succeed. aides suggest the opposite. >> we don't believe that anybody is ensilenttitled to su
have just up looking for work. romney was not the only person trying to downsize it. former ge ceo jack welch stated that it was unbelievable. he stated that these chicago guys will do everything even changed the numbers. as for the president he used the good news and all of his campaign stops today. >> today's news should give us some encouragement. it should not be an excuse for the other side to talk down the economy. they should not be tried to adjust for political points. good news but not big a deal one way or another. it just indicates that we are moving in the right direction but very slow. the next debate will be october the 16th in new york. joe biden will have his debate on october the 11th. >> we are getting new detail about president obama as next trip to the ss 0. he will be attending a fund- raiser. this will be on monday october the eighth period music musician john legend will be heading this scene. the tickets are a hundred bucks or about 75 bucks. this show will be from 6:00 p.m. to 9:00 p.m.. >> in international news the deadly meningitis. there stating that pain sho
announced limbaugh and other conservative said the white house had cooked the book. even jack welch the former ceo of ge accused the president of change the numbers on twitter. >> i tell you these numbers don't smell right when you think about where the economy is right now. >>reporter: labor department called the allegations ludicrous. we went directly to the place where it's all done. this vast government building couple miles from the white house houses labor department bureau of labor statistics. bls has been tabulang the monthlunemployment rate for re tn years. al based on survey conducted in person over the phone of 60,000 households every month. here is where the numbers get crunched. amid the sea of high wall cubicle inside each one economist sworn to secrecy and working on specific aspect of employment survey. >>reporter: tom is in charge here. he's worked at b almost s since the reagan was president. he introduced us to the economist who actually wrote this morning unemployment rate announcement. how much of a secret is that number before you put it out? you can
raised by prominent romney backer ge executive jack welch put the challenger in a tough spot. >> if he agrees with it, where's the evidence? and if he disagrees with it, once of his principle supporters is problematic. >> set to release one more job's report four days before the november election. ktvu channel 2 news. >> more details now. the rate dropped from 8.1% because the number of people who got jobs soared. biggest monthly jump since 2003. 86,000 more jobs were added in july and august. >>> tonight at 10:30 what we found when we asked people about the economy and whether they've seen an improvement. >> on wall street the new jobs report did little to move the stock numbers. the debt crisis in europe or spain or greece are facing challenges continued to loom over investigators today. the dow was up 34 points. >>> filed plans for a $100 million initial public offering. the wireless network equipment maker has not said how many shares it plans to sell. the company's revenue nearly doubled to $93.9 million in the first half of this year. >>> stock closed today near lowest level ever
, especially from somebody as prominent as jack welch. what does it say about partisanship in the country? >> it says that it starts to rot people's brains. the theory is just -- we need a good name for this. i nominate job nutters. but this really is ridiculous. this is -- first things first, this is good news for the country. and, yes, it benefits the president because it adds to argument. it takes away the argument that unemployment rate's been over 8%. it's a positive sign for the country. and frankly, it gives the president a boost in the wake of a terrible debate performance. but bottom line, it's a sign that the trend is moving away from the debt sweep we've dealt with. >> let me pick up on that. some democrats are saying what debate? how much of a boost does it really give the president, given the lackluster nature of his performance the other night? >> it doesn't give the president a do-over. he had a lousily first debate. that hurts. it's not determinative. the economy's issue number one. this is a boost. it helps change the topic. but it doesn't erase that first debate. the pre
depression. jack welch tweeted this, unbelievable jobs numbers, these chicago guys will do anything, can't debate so change the numbers. and the partisan pushing continues this morning. >> on friday we learned that the unemployment rate is now at its lowest level since i took office. >> friday's jobs report shows america still desperately needs jobs. yet the president's central and sole proposal would mean fewer jobs. >> republicans in congress need to stop trying to relaxing fight the battles of the past few years and finally start doing something to actually help the middle class get ahead. >> we can't afford four more years like the last fr. prices, 23 million americans struggling for work. >> congress needs to step up and pass my plan to create a veterans job corps to help our returning heroes find work as cops, firefighters and park rangers in communities across the country. a few weeks ago republicans in the senate voted that plan down. ask them why someone who fights for this country abroad should fight for a job when they come home. >> understand that the president must campaign,
months now. the economic situation is getting better. >> i think it's the opposite of what jack welch was saying. we talk about jack welch and what he said and the conspiracy theory, but the thing is, he said given the economy -- >> that's not even what i'm getting at. >> people feel fundamentally better about the state of the economy. >> did i say i love jack welch? >> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very, very high, but those people are still looking. >> the u-6 number for those cognizant. >> coming up -- >> you're right. republicans are in the dumps. you're right. >> no, they're trying to pretend the numbers that they depend on when they
. they will do a readjustment and the number will be 8.2% or more. >> last week it was former general chief jack welch, alan west and some right wing pundits making the allegation. we should remind viewers what got them so excited. the unemployment rate dipped below 8% for the first time in four years. until a few days ago, conservatives were claiming all the national poll, they must be way off. now that it romney's post debate bounce is fading, we'll probably hear it again. the latest poll shows obama's lead widening to 5 points again. the president was shoring up the vote. he dedicated a moment to cesar chavez. >> where there had once been despair, cesar gave workers a reason to hope. it's people. more than higher wages or better working conditions. that was cesar's gift to us. a reminder that we are all god's children. >> president obama dedicating a monument to cesar chavez. let's bring in ari melber. great to have you with us tonight. president obama is not taking his lead or his strength from the hispanic community. he wants more. play i playing to his base, how smart a strategy is it? >>
. >> all right. >> of course last week it was former general electric chief jack welch, alan west and right wing pundits making the allegation. we should remind viewers what got them so siexcited. until a few days guy conservatives were claiming all of the national polls, saying, they must have been off. the latest gallup tracking poll shows president obama's lead widening to five points again. today president obama was shoring up the hispanic vote just days before voter registration deadlines in 11 states. the president dedicated a moment to caesar chavez. >> where there had once been despare, geez ared dis/* dispare, caesar gave people hope. whether it was bet are work conditions, that was a reminder that we are all god's children. >> dedicating a monument to caesar chavez within let's bring in correspondent from magazine. ari, president obama is not taking his lead or strength from the hispanic community. he wants more. he is trying to really solidify this. play to his base. how smart a strategy is it? >> i think it is smart and i think what the president has to do right now is get out t
conservatives accuse the obama administration of doctoring the jobs numbers. jack welch wrote, unbelievable job numbers. the chicago guys will do anything, can't debate? they'll change the numbers. >> it's lead yous to hear that statement. >> the secretary of labor denies any political motivation, saying the numbers are real. so while romney launches tv ads promising to do better than president obama. >> i have a detailed floon create 12 million new jobs. >> obama is celebrating this report. >> this country has come to far. >> a bench mark proves america is on the right track. >> economists say the number of new jobs being created is still not enough to significantly lower the unemployment rate. the next jobs report comes out four days before the election. danielle lee. >> 66 degrees at the airport. dining out can be tough on a budget. baltimore magazine has a list of the top 25 places to get a meal for under $40. if pumpkin spice latte your thing during the fall? could be out of luck. details on a possible pumpkin shortage after the break. >>> cold front's coming in. could generate a little ra
conservatives accuse the obama administration of doctoring the jobs number. former general electric ceo jack welch wrote "unbelievable job numbers. the chicago guys will do anything. can't debate, so change the numbers. >> it's ludicrous to hear that kind of statement. >> reporter: secretary of labor denies any political motivations a saying the numbers are real. while romney launches tv ad as promising to do better than president obama. >> i have a detailed plan to create 12 million new jobs. >> reporter: obama is celebrating this report. >> this country has come too far to turn back now. >> reporter: a benchmark, he says, proves america is on the right track. economists say the number of new jobs being created is not enough to significantly lower the unemployment rate. the next jobs report comes out in four days before the election. reporting live on capitol hill, i'm danielle lee, news 4. >> our team coverage of the presidential election takes us to opposite cornerses of virginia. while governor romney was in coal country in abington, president obama was in fairfax. the president talked a
conservatives accuse the obama administration of doctoring the jobs numbers. former general electric ceo jack welch wrote "unbelievable job numbers. the chicago guys will do anything. can't debate, so change the numbers." >> it's really ludicrous to hear that kind of statement. >> reporter: secretary of labor denies any political motivation saying the numbers are real. so, while romney launches tv ads promising to do better than president obama -- >> i have a detailed plan to create 12 million new jobs. >> reporter: obama is celebrating this report. >> this country has come too far to turn back now. >> reporter: a benchmark, he says, proves america is on the right track. economists say the number of new jobs being created is still not enough to significantly lower the unemploit rate. the next jobs report comes out just four days before the election. reporting live on capitol hill, i'm danielle lee, news 4. >>> health officials across the country are bracing for more cases of infection from that fungal meningitis outbreak. today the virginia department of health says about 630 people received
the trend is trending downwards, rather than being at 10%. if you believe jack welch, the former ceo of general electric, he said the chicago guys would do anything, accusing them of tampering with the numbers. the obama bipartisans feel this was a bare yes they needed to break, the 8%. there will be a report november 2nd, right before the election and we'll see what that report says. >> looking ahead this week, vice president joe biden and paul ryan debate. the stakes are higher. how do you expect them to do? >> there's a local factor to this, a congressman from montgomery county and parts of other places is playing paul ryan who he served with on the budget committee. ted olsen, a washington lawyer, former solicitor general is playing joe biden. you're right, there's going to be more attention now because this is the whole ticket. ryan is really not tested on a national stage. joe biden has been around forever, it seems. he has a reputation for sometimes saying the wrong thing. you saw in the package where he made the statement, the middle class has been buried. so i don't know whi
employment surged 873,000, but payroll says only 114,000 people went back to work. even jack welch said it, hard to reconcile these numbers. he tweeted, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers. that is harsh criticism. here with me is economist peter morici. which also have gary burtless, senior fellow? [no audio. what do you think. what a difference between the two surveys. peter, start with you. >> the bls is not cooking the numbers. i believe that. they don't do such a thing. there a anomalies. household survey counts self-employed people. a lot of people established home based business. they have been dissipating savings. that doesn't mean they're fully employed. to have 800,000 jobs created that would be 6% gain in employment in one month. that would be 135% rate per year, or some big number like that. that's crazy. on a compounded basis in economy growing only 1 1/2% a year. that's just silly. my feeling it is a lot of folks, home based businesses. pick up a little more here and there but they're not really fully employe
growth in the month surprising to jack welch, former ceo of ge. here is what he said. >> well, and the last two months we have gone from 83-81. now we are going to 7.8% by changing the numbers assumptions. like. i don't know if -- what the right number is. i tell you, these numbers don't smell right when you think about where the economy is right now. gerri: gary, to you first. is the bls giving as ps? >> it is the bs. look. three months ago i said that even if we got newt we would be under 8% because the politics of it. we saw 30 days ago the fed announced a open ended printing of money to get asset prices up, and they say 50 days before election, this one is a joke. if you noticed anything about this number, the estimates of job gains came in the exact amount it was supposed to which should have kept it at 8.2%. the estimates, somehow we got to 7.8%, and the use the most of tiles survey, the household survey. gerri: we will get to that. >> 400,000. gerri: can these numbers be sai's? >> i don't think they can. we have had rumors of bls massaging numbers for the benefit of the
, former general electric chief executive jack welch has resigned as a contributor to fortune magazine. welch made news last week when he took to his twitter account and tweeted the labor of bureau statistics intentionally boosted the latest jobs report. and the bearish tone on wall street continues today with stocks near session lows. investors are bracing for a possible disappointing earnings season that starts after the closing bell, but right now we continue the countdown with liz claman. ♪ liz: okay, gang. i want to get wells fargo's chart up right now. when we first broke the news that united states attorney from the southern district of new york was going after wells fargo, it was down just about a half a percent. it kind of meandered there, this news broke shortly after 3 eastern. it is now down a full two-plus i percentage points. basically, the charge is that it's a civil mortgage fraud lawsuit against wells fargo. the government's complaint seeks damages and civil penalties in essence saying that as a result of wells fargo's alleged false certifications of mortgages, the f
fell to below 8%? also jack welch, the former ge guy. >> yep. >> he's tweeting this morning and saying, unbelievable jobs numbers. these chicago guys will do anything. can't debate, so change numbers. i mean -- so is it possible the labor department is lying or has changed these numbers in some way? >> look, these numbers are often revised. usually when you have a vibrant growing jobs market a revision of 86,000 doesn't make any difference at all. you have much more jobs being created. we don't have that right now. in terms of why the two numbers are different, there are two different surveys the government does. hou household survey where they ask people wheer they're employed and a company survey where they ask companies how many people are employed. those are two different numbers. so that's why you have the number of jobs created or lost and the jobless rate. that's the technical data gathering reason. as for -- look, you'll hear conservatives say either they don't trust these numbers or they're going to say, look, 114,000 is the important number to look at here. that's not good en
. i just wanted to show what jack welch's response was, it was a tweeted response that got picked up in the news where he basically said that the u.s. bureau of labor statistics apparently in conjunction with the chicago machine, right, the chicago guys will do anything. you can't debate, so you change the numbers. that's the idea, that that's what happened here, that these numbers aren't real. >> i was astonished when i first heard that, considering he used to be the head of this whole network and everyone -- >> shhh. >> that's amazing. the other thing is, that these jobs numbers, they destroy their big talking point of the republicans over the last eight, nine months that unemployment has not been below 8%. it's also falling into another one of their talking olympians, that hispanic unemployment is above 10%. now it's below, 9.8%. >> this was not good 7.8 but all of the subcategories were falling. >> in contrast to what mitt romney was saying on the clip, where people have left the job market, that is so not true. there are 418,000 people who have entered the job market. you can't
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